Firms defy Mideast com­pe­ti­tion

Pro­duc­ers of so­lar tech­nol­ogy from China said in Dubai on Monday that while grow­ing com­pe­ti­tion in the re­gion has weighed on profit mar­gins, they con­tinue to se­cure mar­ket shares across the Mid­dle East. At the three-day an­nual In­ter­so­lar Mid­dle East ex­hi­bi­tion open­ing on Monday, dozens of com­pa­nies from China show­cased their lat­est in­no­va­tions, in­clud­ing so­lar pan­els or so­lar power trans­mit­ting tech­nol­ogy. “In 2015, a price war in the re­gion started and we are ex­hibit­ing for the first time at the In­ter­so­lar Mid­dle East in or­der to reach out to new clients,” said Anne Zheng, sales man­ager from Zhe­jiang Longchi Tech­nol­ogy.